We can thank Bitcoin for the dollar amount. It would have taken 0.0020 BTC to be equal to $3.00 not too long ago; now 0.0007 will do it. But PIVX has bounced back nicely to be worth 0.0007 Bitcoin, I think it was below 0.0005 recently. Keep it up!

There is a mandatory wallet upgrade to 3.0.0. Anyone know how this will effect staking? On the github page it states "The PIVX wallet is set to convert 10% of the wallets available PIV to zPIV automatically." So 10% will be converted whether or not I want it and I'll have to convert back?

Bucketeer wrote:Let me address a few of the things I raised today about the "short arguments". It is directed primarily for master node operators.

The issue I raised about the PIVX dev and staff. Nobody "knows" who they are. Most of them have not provided identifiable names. I really consider this to be troubling for a master node operator, because:

1) You have either contracted or agreed to process unknown financial transactions for the unknown operators of a unknown network, on behalf of their unknown customers. Does that sound like a reasonable activity to engage in?

2) The PIVX network and the master mode members are probably not compliant with AML/KLC. Master node operators could very well require money transmitter licenses.

3) Jason Seibert is a securities lawyer with a lot of experience in crypto. He is a smart guy and really funny. Here is a link to a video he made last week with a member of the DASH team.

This gets really interesting at 23 minutes. Pay special attention beginning at 29 minutes, when he states how a court would subpoena the master node operators. Be sure to watch the entire video. This all applies to PIVX, too.

I really HATE to admit this, but our resident bear may have been on to something in this post.

They did this because they don't want to label bitcoin a currency - something that competes against the USD. So they label it property for taxing purposes to collect as much as possible. But then when it "acts" like a currency they will redefine it to call people money transmitters who need licenses. I have heard of people being arrested for transacting LARGE amounts of bitcoin face-to-face over LocalBitcoins.com based on these money transmitter or AML laws. I would go right to court with the IRS definition of bitcoin though to fight those charges. If I were buying or selling any other property like art, gym equipment, bicycle parts - over Craigslist - I don't need a money transmitter license. It is property. So the government wants to treat it like money when it is convenient to arrest someone, but like property for taxing purposes.

The war is on. A Dash or PIVX masternode may be at risk in the future based on this law. We won't know until some judge makes a ruling on it in court. Luckily non-MN coins do not have this same problem.

PIVX just about touched $7 on Bittrex a few hours ago, now holding a little over $6. I sold 15% of my PIVX back into BTC to balance out my cryptofolio a little better. This is the first time I have sold an alt back into BTC. Seems appropriate that it was PIVX since this thread is what finally prompted me to start experimenting with crypto and PIVX was the first alt I bought.

822% return in 7 days. 264% in the last 24 hrs. buy it because its going up

A swing and a miss. You can do better than that. By your standards BitConnect is a raging success, but it is an open-secret ponzi scheme. PIVX has had organic slow growth without the big pumps because they grow the community, coin features, and marketing at a respectable pace. Verge is a pump machine but I don't know why. Is that sustainable for long term holders? A person can make money in anything, but if you get trapped, and you end up holding a big bag, usually it is best to be holding a quality project. So, is it?